$150,000 home equity loan monthly cost after Fed cut
CBS News reports that after the Federal Reserve's September 2025 interest-rate cut, a $150,000 fixed-rate home equity loan would cost about $1,846.97 per month on a 10-year term (8.34%) and $1,451.72 per month on a 15-year term (8.21%). The article compares those figures with rates and payments from February 2025 and October 2024 and estimates cumulative savings over time from the lower rates.
Economy
Finance
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Here's how much a $150,000 home equity loan costs per month now that the Fed cut rates
New information:
- 10-year example: $150,000 at 8.34% → $1,846.97/month
- 15-year example: $150,000 at 8.21% → $1,451.72/month
- February 2025 comparison: 10-year at 8.54% would have been $1,863.00/month; 15-year at 8.40% would have been $1,468.33/month
- Estimated savings vs. early 2025 for a 10-year loan: about $16/month, $192/year and roughly $1,900 over the decade